Bitcoin’s Unrealized Losses Continue for Short-Term Holders

Short-term Bitcoin investors have faced unrealized losses since November 2025, according to Glassnode’s STH-NUPL metric, indicating profitability requires Bitcoin prices above ~$98,000.

Bitcoin short-term holders are experiencing unrealized losses, according to Glassnode’s January 2026 report from its social media, with figures showing ongoing issues since November 2025.

Recent Data from Glassnode

Recent data from Glassnode reveals that short-term Bitcoin investors have been enduring unrealized losses since November 2025. The report emphasizes that the Bitcoin price must exceed $98,000 for these investors to realize profits.

According to Glassnode, these losses have been quantified using the STH-NUPL metric. This metric evaluates the net unrealized profit and loss of investors holding Bitcoin for less than a year.

Market Dynamics and Potential Impact

The persistence of unrealized losses for short-term Bitcoin holders may lead to increased selling pressure. This could affect market prices and investor sentiment, potentially impacting broader cryptocurrency markets.

While the current trend poses risks, historical data from previous bear markets shows similar patterns. Notably, the 2018 bear market saw significant effects on short-term holders with a bottoming of speculative actions.

Strategic Decisions Amid Volatility

The ongoing unrealized losses highlight the volatility within cryptocurrency investments. Such conditions necessitate strategic decisions by investors, especially those with short-term perspectives.

Should current trends persist, analysts suggest that financial and market dynamics could pressure short-term holders to liquidate positions. Observations from the 2022 bear market illustrate potential rebounds following pronounced losses. Using historical data helps understand potential trajectories.

Based on the information provided, there are no direct quotes from individuals or official representatives related to the news from Glassnode regarding short-term Bitcoin investors being in net unrealized losses since November 2025. The analysis primarily summarizes Glassnode’s social media findings without attributing quotes to specific industry figures or organizations.